JPMorgan Global PMI: Global Report on Services - November 6, 2012
Global Services Growth Slows in October
The rate of expansion in the global service sector moderated at the start of Q4 2012, as growth of both business activity and new business eased in October.
The JPMorgan Global Services Business Activity Index — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — edged down to 52.1 in October, from September's six-month high of 53.8. The headline index has nonetheless signaled expansion in each of the past 39 months.